ASGN (ASGN) Stock Price, News & Analysis

Company Overview

ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients. This segment also offers workforce mobilization, modern enterprise, and digital innovation IT consulting services; and cloud, data and analytics, and digital transformation solutions. The Federal Government Segment provides mission-critical solutions to the department of defense, intelligence communities, and federal civilian agencies. This segment offers cloud, cybersecurity, artificial intelligence, machine learning, application and IT modernization, and science and engineering solutions. The company was formerly known as On Assignment, Inc. and changed its name to ASGN Incorporated in April 2018. ASGN Incorporated was founded in 1985 and is based in Glen Allen, Virginia.

Key Stats

• Today's Range: $89.71 to $92.54
• 50-Day Range: $84.39 to $100.79
• 52-Week Range: $83.71 to $106.42
• Volume: 253,262 shs
• Average Volume: 448,115 shs
• Market Capitalization: $3.99 billion
• P/E Ratio: 22.85
• Dividend Yield: N/A
• Price Target: $97.89
• Consensus Rating: Hold

ASGN Stock Analysis - MarketRank™

ASGN scored higher than 28% of companies evaluated by MarketBeat, and ranked 541st out of 654 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

ASGN has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 5 buy ratings, 2 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

ASGN has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.35%

Earnings Growth

Earnings for ASGN are expected to grow by 7.35% in the coming year, from $5.17 to $5.55 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of ASGN is 22.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.23.

Price to Earnings Ratio vs. Sector

The P/E ratio of ASGN is 22.85, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 249.80.

Price to Book Value per Share Ratio

ASGN has a P/B Ratio of 2.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.98% of the float of ASGN has been sold short.

Short Interest Ratio / Days to Cover

ASGN has a short interest ratio ("days to cover") of 5.1.

Change versus previous month

Short interest in ASGN has recently increased by 6.92%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

ASGN does not currently pay a dividend.

Dividend Growth

ASGN does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.98% of the float of ASGN has been sold short.

Short Interest Ratio / Days to Cover

ASGN has a short interest ratio ("days to cover") of 5.1.

Change versus previous month

Short interest in ASGN has recently increased by 6.92%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: N/A

News Sentiment

ASGN has a news sentiment score of -1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.77 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 1 news article for ASGN this week, compared to 3 articles on an average week.

Search Interest

Only 1 people have searched for ASGN on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

3 people have added ASGN to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, ASGN insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,398,986.00 in company stock.

Percentage Held by Insiders

Only 3.20% of the stock of ASGN is held by insiders.

Percentage Held by Institutions

95.36% of the stock of ASGN is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ASGN Stock Analysis - Frequently Asked Questions

How have ASGN shares performed this year?

ASGN's stock was trading at $96.17 at the beginning of the year. Since then, ASGN stock has decreased by 6.1% and is now trading at $90.26.
View the best growth stocks for 2024 here.

How were ASGN's earnings last quarter?

ASGN Incorporated (NYSE:ASGN) announced its quarterly earnings data on Wednesday, October, 23rd. The business services provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.08. ASGN's revenue was down 7.7% compared to the same quarter last year.

Who are ASGN's major shareholders?

Top institutional investors of ASGN include Reinhart Partners LLC. (1.28%), Wolverine Asset Management LLC, Amalgamated Bank (0.04%) and Handelsbanken Fonder AB (0.03%). Insiders that own company stock include Theodore S Hanson, Randolph C Blazer, Jennifer Hankes Painter, Arshad Matin, Jonathan S Holman, Carol Lindstrom and Marty R Kittrell.
View institutional ownership trends.

How do I buy shares of ASGN?

Shares of ASGN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of ASGN own?

Based on aggregate information from My MarketBeat watchlists, some other companies that ASGN investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Last Earnings: 10/23/2024
• Today: 12/03/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/05/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Help supply services
• Sub-Industry: Human Resource & Employment Services
• Current Symbol: NYSE:ASGN
• CUSIP: 68215910
• CIK: 890564
• Web: www.asgn.com
• Phone: (888) 482-8068
• Fax: 818-878-7930
• Employees: 3,700
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $97.89
• High Stock Price Target: $115.00
• Low Stock Price Target: $70.00
• Potential Upside/Downside: +8.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.95
• Trailing P/E Ratio: 22.85
• Forward P/E Ratio: 17.46
• P/E Growth: N/A
• Net Income: $219.30 million
• Net Margins: 4.37%
• Pretax Margin: 5.91%
• Return on Equity: 13.65%
• Return on Assets: 7.19%

Debt

• Debt-to-Equity Ratio: 0.58
• Current Ratio: 2.25
• Quick Ratio: 2.25

Sales & Book Value

• Annual Sales: $4.45 billion
• Price / Sales: 0.90
• Cash Flow: $8.25 per share
• Price / Cash Flow: 10.94
• Book Value: $40.09 per share
• Price / Book: 2.25

Miscellaneous

• Outstanding Shares: 44,200,000
• Free Float: 42,786,000
• Market Cap: $3.99 billion
• Optionable: Optionable
• Beta: 1.37